GlobalData: US has highest planned polyethylene capacity additions

Analysis of the global planned polyethylene capacity shows that the US has the highest planned polyethylene capacity additions globally with 9.4 million tpy during 2018 to 2022, followed by Iran and China with 5.8 million tpy and 4.4 million tpy respectively, according to GlobalData, a leading data and analytics company.

The US will account for 26.9% of the total global planned polyethylene capacity additions in 2022. The country has 18 planned polyethylene plants. Among these, PTT Global Chemical Belmont County Polyethylene Plant has the highest capacity of 0.7 million tpy, followed by Total Borealis Nova JV Bayport Polyethylene Plant with a capacity of 0.6 million tpy.

Iran has 16.6% share in the global planned polyethylene capacity additions in 2022 and has 22 planned polyethylene plants. The top planned plants in terms of capacity are Total NPC Hormozgan Polyethylene Plant 1 and Total NPC Hormozgan Polyethylene Plant 2, each with a capacity of 0.5 million tpy, followed by Kangan Petro Refining Tehran Polyethylene Plant (Swing) with a capacity of 0.4 million tpy.

China is expected to contribute about 12.7% to the total global planned polyethylene capacity additions in 2022. China has 13 planned polyethylene plants. Sinopec Kuwait Petroleum Corp. JV Zhanjiang Polyethylene Plant and Yantai Wanhua Polyurethanes Yantai Polyethylene Plant lead each with a capacity of 0.5 million tpy.

Russia has 11.4% share in the global planned polyethylene capacity additions in 2022. The country has 14 planned plants. The top planned plant in terms of capacity is Vostochnaya Neftechimicheskaya Nakhodka Polyethylene Plant with a capacity of 0.9 million tpy, followed by LUKOIL Oil Company Budyonnovsk Polyethylene Plant 2 with a capacity of 0.6 million tpy. Egypt is expected to contribute about 3.9% to the total global planned polyethylene capacity additions in 2022. The country has three planned polyethylene plants. Tahrir Petrochemicals Company Ain Sokhna Polyethylene Plant, Tahrir Petrochemicals Company Ain Sokhna Polyethylene Plant 1 (Swing) and Tahrir Petrochemicals Company Ain Sokhna Polyethylene Plant 2 (Swing) are jointly leads, each with a capacity of 0.5 million tpy.

India, Oman, Azerbaijan, Kuwait and Malaysia together are expected to have polyethylene capacity additions of 5.1 million tpy, or approximately 14.6% of the total global planned polyethylene capacity additions in 2022.